SCM 309 (ALL ANSWERED)

Supply Chain Network correct answers suppliers, manufacturers, warehouses and DCS, customers Supply Chain Components correct answers supplier base (procurement, inbound logistics), integrated enterprise (MFG/SVC Ops, order fulfillment), Market/distribution network (outbound logistics, customer service) UT Integrated SCM Concept correct answers Supply chain is the design and coordination of a network through which organizations and individuals get, use, deliver, and dispose of material good; acquire and distribute services; and make their offerings available to markers, customers, and clients 4 ways of creating value correct answers plan, source, make, deliver Gaining advantage correct answers FTP (Value), Cost (Productivity, Optimal CV (Value and Productivity) Supply Chain Value Proposition correct answers Grow revenue, optimize total cost, reduce capital requirements Business Analytics correct answers Turning data into information. An integrated supply chain create a lot of data. Being able to read data is an important skill Pricing correct answers setting prices and understanding hoe these prices affect demand Location correct answers Finding the best location for locating your warehouse social media correct answers understand trend to improve manufacturing agility BA Process correct answers Recognize the problem, define the problem, structure the problem, analyze the problem, interpret results and decision making, implementing the solution Descriptive Analytics correct answers The use of data to understand past and current performance to make informed decisions Categorize, characterize, consolidate Predictive Analytics correct answers Use analytics to predict the future Prescriptive analytics correct answers Most problems have many, many choices. Identify the best alternatives to minimize or maximize some objective Ultimate goal correct answers Get the right product to the right place to the right customer at the right time.